Those fragile states whose stagnation is so tenacious despite generous aid programs, and substantial and costly interventions, are stuck in a 'fragility trap.' Caught in a low-level equilibrium, trapped states appear to be in a perpetual political and economic limbo that can last for years and...

Peer review and public-private partnerships hinge on transparency. Transparency is about commonly shared knowledge about the economy, its performance, and the way policy influences it. The Composite Indicator of Economic Activity in Mozambique (ICAE) is a tool of knowledge whose construction is...

Since recent financial crises in Asia and Latin America, developing countries have been strongly advised to rely primarily on foreign direct investment (FDI) in order to promote economic development on a sustainable basis. Even harsh critics of rash capital account liberalization argue in favor...